Value of Exports to Philippines from Texas
TXPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,209,381,092.00
Year-over-Year Change
-20.29%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Texas' trend measures the total dollar value of goods and services exported from the state of Texas to the Philippines. This metric is important for understanding trade flows and regional economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the total value of merchandise and services exported from Texas to the Philippines. It is a key indicator of the strength of the trade relationship between the two economies and can provide insights into regional business activity and production.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of Texas-based exporters.
Historical Context
This trend is closely monitored by policymakers, trade analysts, and businesses to gauge the health of Texas-Philippines commercial ties.
Key Facts
- Texas is one of the top exporting states in the U.S.
- The Philippines is a major trading partner for Texas businesses.
- Exports to the Philippines account for a significant portion of Texas' total international trade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of Texas to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of the trade relationship between Texas and the Philippines, which is important for understanding regional economic activity and commercial ties.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of Texas-based exporters.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, trade analysts, and businesses to gauge the health of Texas-Philippines commercial ties and inform economic and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay and may be subject to revisions based on updated information from exporters.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Texas (TXPHLA052SCEN), retrieved from FRED.